At the close of the Constitutional Conventional in 1787, Benjamin Franklin told an inquisitive citizen that the delegates to the Constitutional Convention gave the people “a Republic, if you can keep it.” We should apologize to Mr. Franklin. It is obvious that the Republic is gone, for we are wallowing in a pure democracy against which the Founders had strongly warned... (Speech before House of Representatives, Jan 29, 2003)
Some of the clouds surrounding banking and marijuana-related companies have cleared. That's thanks to the recent end of a 40-month legal fight by Denver, Colo.-based Fourth Corner Credit Union to win favor with the Federal Reserve Bank of Kansas City. On Feb. 2, the Kansas City Fed gave conditional approval to Fourth Corner Credit Union to launch its business catering to cannabis-related companies.
